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Mauritania’s Quest for Green Hydrogen Financing

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green hydrogen

Mauritania, as a high potential market for solar and wind, seeks global partnerships and investments to expands its nascent green hydrogen industry

NOUAKCHOTT, Mauritania, August 2, 2023/APO Group/ — 

The Mauritanian government has placed green hydrogen as a strategic development opportunity under efforts to position the country as a global hydrogen hub. However, to achieve this objective, significant investments are required. Moustapha Bechir, Director General of Hydrocarbons at Mauritania’s Ministry of Petroleum, Energy and Mines, stated in an exclusive interview with Energy Capital & Power (ECP) (https://www.EnergyCapitalPower.com) that, “With its sunshine, year-round winds and extensive coastline, Mauritania has the potential to become a leading green hydrogen producer in the region and the world.”

However, challenges associated with lack of investment and infrastructure have largely restricted industry growth.

According to a McKinsey analysis, meeting the green hydrogen goals of top African countries will require up to $55 billion in investment by 2030 and $900 billion by 2050. The main infrastructure challenges in the MSGBC nation, according to Isselmou Lehbib, Director of the Port of Ndiago in Mauritania, are a lack of roads connecting ports to the rest of the nation; an absence of power; and a shortage of pipelines.

“The main projects, like Nour or Aman, are located northeast of Nouakchott, in the middle of the desert, near the mining region, and we need to unlock these areas,” Lehbib said in an interview with ECP. As such, Mauritania is pursuing a range of financing mechanisms to grow its green hydrogen market.

The Support of the World Bank and the AfDB

Mauritania has significant potential in hydrogen production through gas reforming and renewable energy-powered electrolysis

The African Development Bank (AfDB) and the World Bank have emerged as top advocates for Mauritania’s green hydrogen initiatives. The AfDB is supporting Mauritania in areas such as legal frameworks, local procurement requirements and green hydrogen knowledge transfer, while the World Bank has released the country’s Roadmap for Low-Carbon Hydrogen Development, providing support through policy advise and frameworks.

Loana Billieux, World Bank Communications Associate for Western and Central Africa, agrees that large investments are needed in Mauritania to unleash the potential of green hydrogen. “Mauritania has significant potential in hydrogen production through gas reforming and renewable energy-powered electrolysis,” she explained to ECP, “But the sector requires substantial investments and impact management throughout the value chain.”

Support from these multinational development finance institutions is not enough, and as such, Mauritania is looking towards the private sector to fund projects. The government signed an agreement with Britain’s bp for the evaluation of the technical and commercial feasibility of green hydrogen Additionally, companies such as Conjuncta, CWP Global, Total Eren and Chariot are spearheading projects. These developments barely scratch the surface of the country’s green hydrogen potential, and the government is inviting new private players to join the market.

In Search of State Partners

Mauritania has also turned to its regional neighbors to finance the green hydrogen market. Abdessalam Ould Mohamed Saleh, Mauritania’s Minister of Economy and Sustainable Development, is touring the world to meet with and encourage possible state investors. Last June, he proposed that Belgium serve as the first entry point for Mauritanian green hydrogen in Europe. He put forward a bilateral memorandum of understanding for European authorities to consider.

Saleh also met with Wung Wentao, China’s Minister of Economic Cooperation and Trade, to discuss bilateral investment and cooperation opportunities, notably in the field of green hydrogen. China intends to put 50,000 hydrogen fuel-cell vehicles on the road by 2025, as well as establish a number of hydrogen-recharging stations, making it a viable market for Mauritanian green hydrogen.

With the government inviting regional investors, private sector players and global financiers to join the lucrative Mauritanian green hydrogen market, the upcoming MSGBC Oil, Gas & Power conference – scheduled for November 21-22 in Nouakchott – will connect stakeholders, providing a platform for deals to be signed and investment secured. For more information, click here (https://apo-opa.info/3OHK6dn).

Distributed by APO Group on behalf of Energy Capital & Power.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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